World Turbine Market to Grow 5.1% annually from 2014 to 2018 according to Global Research & Data Services

Global demand for turbines is forecast to expand 5.1% p.a. between 2014 â€“ 2018. China, Greece, Lithuania, Macedonia, and the United States are considered the highest potential markets in the coming years.
According to recently published research conducted by a leading international market research company, Global Research & Data Services, the expansion of the global turbine industry is forecast to reach 5.1% p.a. in the coming years. Between 2007 and 2013 the market increased with an average annual growth of 5.1%. Currently, gas turbines account for 69.9% of the global demand while the remaining market share is divided between steam and vapour turbines (25.3%), and hydraulic turbines and water wheels (4.9%).

China, Italy, Japan, the United Kingdom, and the United States represent the largest turbine markets while the strongest annual growth is forecast to occur in Greece (37.3%), Macedonia (28.6%), Lithuania (27.3%), Slovakia (26.6%), and Georgia (16.7%).
Turbine market size compared to market growth in different countries

The studies include historic market data from 2007 to 2013 and forecasts until 2018 which makes the reports an invaluable resource for industry executives, marketing, sales and product managers, analysts, and other industry professionals looking for key market insights in a readily accessible and clearly presented format.

- What is the size of the global turbine market?
- What is the size of the turbine market in different countries around the world?
- How are the markets divided into different product segments?
- Which products are growing fast?
- How have the markets been developing?
- What does the future look like?
- What is the market potential?
- Which major companies are operating in the market?
Product segments analyzed in the studies:
Gas turbines
Hydraulic turbines and water wheels
Steam and vapour turbines
For more detailed information about the studies, visit our website:

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